Analysts Offer Insights on Technology Companies: Fidelity National Info (NYSE: FIS), Salesforce (NYSE: CRM) and DocuSign (NASDAQ: DOCU)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Fidelity National Info (FISResearch Report), Salesforce (CRMResearch Report) and DocuSign (DOCUResearch Report) with bullish sentiments.

Fidelity National Info (FIS)

In a report issued on November 30, David Koning from Robert W. Baird maintained a Buy rating on Fidelity National Info, with a price target of $166.00. The company’s shares closed last Wednesday at $102.36, close to its 52-week low of $102.28.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 10.8% and a 66.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Exlservice Holdings.

Currently, the analyst consensus on Fidelity National Info is a Moderate Buy with an average price target of $150.10, a 41.9% upside from current levels. In a report issued on November 17, UBS also initiated coverage with a Buy rating on the stock with a $142.00 price target.

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Salesforce (CRM)

Robert W. Baird analyst Robert Oliver maintained a Buy rating on Salesforce yesterday and set a price target of $315.00. The company’s shares closed last Wednesday at $251.50.

According to TipRanks.com, Oliver is a top 100 analyst with an average return of 26.7% and a 73.8% success rate. Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Aspen Technology, and Sprout Social.

Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $336.38, a 24.0% upside from current levels. In a report issued on November 16, Credit Suisse also initiated coverage with a Buy rating on the stock with a $375.00 price target.

DocuSign (DOCU)

In a report released yesterday, William Power from Robert W. Baird maintained a Buy rating on DocuSign, with a price target of $330.00. The company’s shares closed last Wednesday at $230.79.

According to TipRanks.com, Power is a 5-star analyst with an average return of 26.8% and a 61.7% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, Vonage Holdings, and Shotspotter.

DocuSign has an analyst consensus of Strong Buy, with a price target consensus of $336.36, which is a 35.6% upside from current levels. In a report issued on November 29, RBC Capital also maintained a Buy rating on the stock with a $345.00 price target.

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